Fareed speaks with Jeff Bewkes, chairman and CEO of Time Warner, CNN's parent company, about the future of television. Explore how television has evolved since the 1960s during the premiere episode of “The Sixties” this Thursday on CNN at 9 p.m. ET/PT.
Bewkes: Television is a thriving business, not just in America, but all over the world. Advertising revenue, subscription revenue has all come in to create much bigger TV budgets, much more participation of movie actors in TV. And just to think of one show which is dear to my heart, "Game of Thrones," for example, I think it has the biggest cast of any show that's on TV today.
And this is all about the kind of budgets that television can support. So TV is now in a second golden age. And a...
And you think that golden age is mainly because of what forces? What's making this happen?
Bewkes: Well, really, one of the secrets about television today is there's all these channels. And everybody loves their favorite show. But as I think most people know, your favorite channel now may be different than your brother's or your father's.
So in the old days, everyone was sitting around. Every house had one television. And today, there's a screen for everybody. There's not only TVs across every room, but now – this is probably the untold story – television is taking over the Internet. And what the Internet does, is it...
Wait, say that again – so the Internet is not taking over television, television is taking over the Internet?
Bewkes: Television is taking over the Internet.
What does that mean?
Bewkes: Well, that means every one of the people watching this show can not only watch it on their television screen, they can watch it on any electronic screen they have. And it means that all of television, all your favorite shows, are now on-demand. You can not only watch what you want when you want, but you can take it with you. You can be watching GPS on a subway or in a car driving down the highway.